How exactly do you use the $20,000 tax offset?
We have been talking a lot about the federal budget throughout last week’s announcements. See our budget roundup here, what it means for small business here and our budget unpacked interview here. We have done so with good reason: small businesses have a lot to…
The ‘stick and carrot’ budget: the good, the bad and the mediocre
Well there we have it folks, the Federal Budget 2018 is in. We have some good stuff in there, some ok stuff, and some relatively negative stuff, but by and large we have not seen any significant new small business boosters since 2015 – the…
Visions of the 2018 Federal Budget
Ah the federal budget – that unapologetic and mind numbingly dense edict that will change the way you live and do business – either dramatically, or more than likely, in a marginal manner. It may sound less than exciting but really, this is good stuff…
Accounting for the gig economy
Uber, Airbnb, Elance, and Airtasker: these services are the new face of a fresh and expanding mode of employment dubbed the ‘gig economy’. This old yet modernised way of working, in a freelance-style capacity, poses some interesting questions about tax, accounting and compliance. So if…
UK Payroll? Know the rules
If you are a UK business working as an intermediary in the private sector, you may or may not be aware of the off-payroll working rules you have to adhere to. These are commonly known as the HMRC IR35 rules. If you are the person…
Let the cloud do your accounts for you
Smart Accounting Services is advising companies on how Reckon One and Reckon Hosted can do their accounts while they get on with running their business. The challenge In an ideal world, a SME’s monthly accounts would simply do themselves and leave the owner and their employees…
Simpler BAS: What does it mean for your business?
Small businesses have long complained that lodging their BAS (Business Activity Statement) is overly complicated. Can I claim GST on that? How much am I going to owe and when’s the due date? The ATO has listened to this feedback and introduced Simpler BAS, a…
5 essential steps to improve compliance in your business
Making sure your business is fully compliant is a complex and time-consuming task. But it is absolutely fundamental to the smooth running of your business. Having to answer to law, regulation and organisational governance while keeping your business activity, documents and data fully secure means…